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FNS50315
Diploma of

Finance and Mortgage Broking Management

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Start date
Enrol Anytime
Duration
12 months
Mode
100% online
Units
15 units

Summary

In partnership with
The banking and finance sector in Australia is an exciting place to work. This diploma is the industry standard, nationally recognised qualification for becoming a mortgage broker. You’ll learn the skills you’ll need to find a job in a range of business settings, or open up your own business. With a focus on interest rates and the housing market, managing and broking mortgages is a career path that offers unsubstantiated opportunities.
In partnership with
Nationally recognised
Since finishing the course there have been many benefits to my career; real skills that I'm actually using now.
Steve Hancock
, Manager
Read the full testimonial

Detail

This comprehensive diploma will teach you how to manage diverse lending portfolios; including commercial, plant and equipment loans. In addition to this, you’ll learn essential business management skills relating to local area marketing and risk management. On top of the fundamentals, this nationally recognised diploma covers how to build and retain a client base, along with the key elements of business management and growth planning.

The course material covers finance and mortgage fundamentals including:
  • Prepare loan applications on behalf of finance or mortgage broking clients
  • Present broking options to clients
  • Implement complex loan structures
  • Comply with financial services legislation and industry codes of practice
  • Develop and monitor policies and procedures
  • Settle applications and loan arrangements in the finance and mortgage broking industry
  • Course structure

    The course is conducted over a 12 month period; within a self-paced online learning environment. Upskilled uses MyUpskilled to manage the delivery and assessment of your course. This means you can learn at your own pace.

  • Entry requirements

    There are no formal entry requirements for this qualification.

    Students will need access to a computer, and the internet, and have basic computing skills. A Language Literacy and Numeracy skills assessment may be required before enrolment can be confirmed.

  • Inclusions
    Upskilled courses include specialised learning materials, and access to:
    • Upskilled’s fully customised online learning platform, MyUpskilled
    • Student Rewards Program
    • Student Support services
    • your trainer via the trainer/student messaging system
    • webinars; both live and recorded sessions
    • video content access via:
  • Recognition of Prior Learning (RPL)
    Work experience or formal qualifications you have may count towards your course. If you have previously undertaken study at a recognised institution or have some relevant work experience, you might gain credit towards specific units in a course; shortening the time you have to study. You can send your application for Credit Transfer or RPL during the enrolment process.
  • Assessment
    Upskilled takes evidence gathered from a variety of sources to deem a student as competent. Assessment processes might include some or all of the following:
    • Recognition of Prior Learning and/or credit transfer
    • summative and formative assignments
    • written reports and/or portfolio assessments
    • scenarios and/or case studies
    • projects
    • written/oral questions
    • regular training and assessment contact will be maintained by Upskilled in conjunction with the participant and their employer (where applicable). Critical dates during the program will be identified for participants to ensure compliance to assessment due dates, and attendance at monthly webinars as required.

Outcomes

This qualification reflects professional financial broking job roles in financial services and other related industries. Unlock your potential career as a:

  • Mortgage Broker
  • Financial Clerk
  • Finance Assistant
  • Insurance Broker
  • Finance Broker
  • Banker
  • Mobile Lender 
Additionally, this qualification could give you several career and/or further study outcomes. After completing this course, you could explore some of the following outcomes.

Subjects

The FNS50315 - Diploma of Finance and Mortgage Broking Management consists of 10 core units of competency and 5 electives, as identified in the FNS Financial Services Training Package. All competencies must be successfully completed to attain the qualification.
 
  • BSBRSK401
    Identify risk and apply risk management processes

    This unit describes the performance outcomes, skills and knowledge required to identify risks and to apply established risk management processes to a subset of an organisation or project's operations that are within the person's own work responsibilities and area of operation.

  • FNSCUS501
    Develop and nurture relationships with clients, other professionals and third party referrers

    This unit describes the skills and knowledge required to communicate and network with a wide range of people, internal and external to the organisation, to increase efficiency, build continuing relationships and improve sales. It applies to individuals who are responsible for relationship development and may use a range of specialised and managerial techniques to engage with others.

  • FNSFMB401
    Prepare loan application on behalf of finance or mortgage broking clients

    This unit describes the skills and knowledge required to prepare a client loan application to a relevant lender, and present and process the loan using appropriate channels. Assistance with loan settlement may also apply. It applies to individuals who use analytical and organisational skills to complete administrative requirements and use interpersonal skills to work effectively with a range of clients and personnel.

  • FNSFMB402
    Identify client needs for broking services

    This unit describes the skills and knowledge required to determine clients’ finance broking requirements and explain capabilities, legal and compliance related issues so clients are aware of their rights. It applies to individuals who are skilled at building relationships and who use specialised knowledge and analytical skills to provide advice and a range of services for clients.

  • FNSFMB403
    Present broking options to client

    This unit describes the skills and knowledge required to collect information, conduct relevant research and develop and present broking options to clients. It applies to individuals who use analytical skills and effective communication and negotiation skills to clearly present financial information to a range of individuals with varying needs.

  • FNSFMB502
    Identify and develop broking options for clients with complex needs

    This unit describes the skills and knowledge required to identify complex or special financial needs for a client, and consider complicated issues such as economic and legislative requirements to develop broking strategies and solutions for a client. It applies to individuals who apply research and analytical skills to complex and multifaceted scenarios to develop customised solutions for clients.

  • FNSFMB503
    Present broking options to client with complex needs

    This unit describes the skills and knowledge required to create rapport with clients with complex or special needs and present complex information to them, negotiating effectively and completing and maintaining required documentation, including a plan. It applies to individuals who use specialised knowledge and strong communication and interpersonal skills to convey and negotiate complex requirements.

  • FNSFMB504
    Implement complex loan structures

    This unit describes the skills and knowledge required to establish actions, timings and priorities needed to implement complex loans and supervise the implementation process, and applies to finance brokers working with clients with complex needs. It applies to individuals who use specialised knowledge and well developed organisational skills to coordinate the implementation of complex financial processes.

  • FNSFMK505
    Comply with financial services regulation and industry codes of practice

    This unit describes the skills and knowledge required to ensure compliance with finance industry regulations and industry codes of practice on an organisational level. It applies to individuals who use, maintain and disseminate highly specialised knowledge to a range of personnel to ensure compliance and quality standards.

  • FNSINC401
    Apply principles of professional practice to work in the financial services industry

    This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.

  • FNSFMB501
    Settle applications and loan arrangements in the finance and mortgage broking industry

    This unit describes the skills and knowledge required to settle applications and loan arrangements for debt finance and undertake final arrangements to secure and complete the lending transaction for a client applying for a mortgage or related finance. It applies to individuals who use organisational skills to accurately complete and coordinate tasks within agreed timelines and industry or organisational conditions.

  • FNSPRM602
    Improve the practice

    This unit describes the skills and knowledge required to analyse, develop and implement plans to improve the business of a financial practice. It requires the application of diagnosis and benchmarking skills, not for the technical side of the practice but to provide strategies for general business improvement. It applies to individuals who use specialised knowledge, systematic approaches and analytical skills to provide guidance in strategic organisational activity and continuous improvement.

  • BSBSMB405
    Monitor and manage small business operations

    This unit describes the performance outcomes, skills and knowledge required to operate a small business and to implement a business plan. The strategies involve monitoring, managing and reviewing operational procedures. Specific legal requirements apply to the management of a small business.

  • FNSORG502
    Develop and monitor policy and procedures

    This unit describes the skills and knowledge required to conduct research, develop, trial and implement organisational policy and procedures, and monitor and review them periodically. It applies to individuals who use a range of specialist techniques to carry out work in policy development and implementation in any sector of the financial services industry.

  • BSBSUS501
    Develop workplace policy and procedures for sustainability

    This unit describes the skills and knowledge required to develop and implement a workplace sustainability policy and to modify the policy to suit changed circumstances. It applies to individuals with managerial responsibilities who undertake work developing approaches to create, monitor and improve strategies and policies within workplaces and engage with a range of relevant stakeholders and specialists.

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Educators

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